Motivation to set your dollars free

[Derek Luttrell]

Hi Everyone,

I'm interested to hear if people remember feeling the way I do back when they finally had a 25% down payment saved up, and were reluctant to see it go. 

I am 25 years old and own my primary 3/2 residence, and my roommates pay 87% of my monthly housing expenses. I have recently hit a milestone of having $50,000 saved up--a feat I am admittedly really proud of. I am pre-qualified for a $100,000 duplex with 25% down at 4.75%, and I keep going back and forth about cutting the savings I have worked for in half (or more) after closing costs, repairs, etc. Is this just the bullet I need to bite in order to chase my REI dreams? Did anyone out there feel like this was a huge check to cut at the time, but now they are really happy they decided to do it? It feels "safer" to hold onto my savings and watch it grow, but then again, the only real purpose it currently serves right now is making me feel secure without actually doing anything.

Thanks for reading, 

- Derek